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Devyani International Ltd share Price Today

Company details

147.15
154.60
136.70
227.50
6M Return -27.76%
1Y Return 9.06%
Mkt Cap.(Cr) 18,142.15
Volume 1,341,863
Div Yield 0.00%
OI
-
OI Chg %
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Volume 1,341,863

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Restaurants company Devyani International announced Q3FY24 results:

Financial Results:
- Revenue from operations for Q3FY24: Rs 8,431 million.
- EBITDA for Q3FY24: Rs 1,463 million.
- EBITDA margin: 17.4%.

Growth and Expansion:
- Completed acquisition of 283 KFC stores in Thailand.
The total store count now stands at 1,735, including the Thai acquisition.
- Aim to hit the target of 2,000 stores by the end of 2024, earlier than the initial 2026 goal.
- Added 94 new stores in Q3, with a fiscal year target to open 250 to 275 outlets.

Brand Performance:
- India business's revenue growth: 9.2% increase over the same period in the previous financial year.
- Revenue for core brands in Q3FY24: KFC at Rs 5,243 million, Pizza Hut at Rs 1,796 million, and Costa Coffee at Rs 397 million.

Market Presence:
- DIL operates brands like KFC, Pizza Hut, and Costa Coffee.
- As of December 31, 2023, ~1,400 stores across India, Nigeria, and Nepal, including the recently acquired Thai KFC stores.

Strategic Developments:
- Entered the Thailand QSR market through strategic acquisition.
- Acquisition of Restaurants Development Co. Ltd. completed on January 17, 2024.

Commenting on the performance for Q3FY24, Ravi Jaipuria, Non-Executive Chairman, Devyani International said, “At the outset, I feel very excited to share with all of you that we have successfully completed the acquisition of Restaurants Development Co Ltd (RD) one of the franchisee partners of KFC in Thailand. This has led to the addition of 283 KFC stores as of 31st December (274 stores as of 30th September) to our overall store portfolio.

We have witnessed subdued consumer sentiments. However, we believe that the weak consumer sentiment and depressed consumer spending are temporary & short-lived, and we are optimistic about witnessing a recovery over the next few quarters. Amid these challenges, our operating and financial performance has remained stable, and we continue to invest in the business for long-term growth.

We had previously set ourselves an ambitious goal of reaching 2,000 stores by 2026. You will be happy to note that, following the completion of the Thailand acquisition, we are confident of achieving this major milestone by the end of calendar year 2024.”

 

 

Result PDF

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Devyani International Ltd shares SWOT Analysis

Strengths (9)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (3)

  • Declining Net Cash Flow : Companies not able to generate net cash
  • Major fall in TTM Net Profit
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 154.3
R2 158.2
R3 161.8
Pivot

150.73

S1 146.9
S2 143.3
S3 139.4
EMA SMA
155.0
161.7
170.5
176.6
154.0
161.4
173.4
186.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NIPPON INDIA MUTUAL FUND Bulk Purchase 2024-02-21 164.1 8000000 NSE
YUM RESTAURANTS INDIA PVT LTD Bulk Sell 2024-02-21 164.1 53083330 NSE
NIPPON INDIA MUTUAL FUND Block Purchase 2024-02-21 164.1 8000000 NSE
Name Category Shares
VARUN JAIPURIA PROMOTER 3.29%
RJ CORP LIMITED PROMOTER 59.28%

FINANCIALS

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Devyani International Ltd Stocks COMPARISON

Financials( in Cr) Devyani International Ltd Jubilant Foodworks Ltd Westlife Foodworld Ltd Sapphire Foods India Ltd Restaurant Brands Asia Ltd
Price 150.45 448.85 804.45 1,568.95 101.25
% Change -0.86 -1.32 2.54 -2.13 -0.44
Mcap Cr 18,142.15 29,617.14 12,544.27 9,992.64 5,025.65
Revenue TTM Cr 2,997.72 5,158.25 2,278.18 2,265.57 2,054.28
Net Profit TTM Cr 262.51 353.03 111.58 233.19 -241.80
PE TTM 115.88 136.18 138.15 54.94 0.00
1 Year Return 9.06 2.03 20.05 34.67 16.71
ROCE 13.51 15.96 14.74 8.13 0.00
ROE 17.96 17.73 21.71 15.39 0.00
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 968.90 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 31,723.05
LAST 3M 69,913.40 26,515.65
LAST 6M 130,081.93 60,306.69
LAST 12M 189,259.39 205,003.99

Devyani International Ltd Information

Stock PE (TTM)
115.88
Promoter Holding
62.74%
Book Value
8.588
ROCE
13.51%
ROE
17.96%
Description
  • The Company was originally incorporated as `Universal Ice Creams Private Limited` at New Delhi as Private Limited Company on December 13, 1991. Subsequently, name of the Company changed to `Devyani International Private Limited` and a fresh Certificate of Incorporation dated 07 June 2000, was issued by the RoC. Thereafter, the Company converted into a Public Limited Company and consequently, name of Company was changed to `Devyani International Limited` dated 09 May 2005. The Company is a multi-dimensional comprehensive quick service restaurant(QSR) player in India. The Company is primarily engaged in the business of developing, managing and operating quick service restaurants and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, etc., and retail stores of TWG Tea. As of March 31, 2023, the Company has 1,243 stores across India, Nepal and Nigeria. In 1997, the Company signed a development agreement with PepsiCo Restaurants International (India) Private Limited for opening Pizza Hut outlets in North India, pursuant to which it commenced operations of first Pizza Hut outlet in Jaipur. In 2002, it acquired Speciality Restaurants Private Limited. In 2003, Tricon Restaurants (India) Private Limited issued a letter of intent to our Company for opening Pizza Hut outlets in Kolkata. In 2004, Speciality Restaurants Private limited was merged in with the Company. In 2005, Company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India. The first KFC store opened in Kolkata. In 2010, it opened the first KFC outlet in Nigeria. It opened e first KFC and Pizza Hut outlets in Nepal. Devyani Food Street Private Limited formed in a joint venture with Delhi International Airport Limited and the Company. In 2011, the Company launched its own brand for South Indian QSR- Vaango. In 2012, First Pizza Hut Delivery opened in Nepal. The Company acquired 60% stake in Delhi Select Service Hospitality Private Limited. IDBI Trusteeship Services Limited, acting through its Investment Manager, ICICI Venture Funds Management Company Limited invested Rs. 991.41 million in the Company. In 2015, it acquired Pizza Hut delivery stores from Yum India in Western and Southern India. In 2016, it acquired balance 40% stake in DFSPL from Delhi International Airport Private Limited for an aggregate consideration of Rs. 49.20 million. In 2017, it entered into a concession agreement with GMR Hyderabad International Airport Limited to operate and maintain the food court of Hyderabad Airport under the brand name `Food Street`. In 2019, it acquired 13 KFC outlets and 61 KFC outlets with Yum India during FY 2020. As on 31 March 2019, the Company has 6 subsidiaries and 1 joint venture company. As of March 31, 2021, the Company operated 264 KFC stores and 297 Pizza Hut stores across India. In August 2021, it extended partnership with Costa Coffee parent. As of March 31, 2022, the Company operated in total 892 stores across 204 cities in India. It opened 246 new stores in FY 2021-22. It has operations in Nepal and Nigeria through a network of 46 stores. During the year 2021-22, the Board of Directors of Company in their meeting held on December 13, 2021 amalgamated both subsidiaries, Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited, with the Company. As on 31 March 2022, the Company has 5 subsidiaries. In FY22, it added 100 new stores to reach 364 stores. During 2022-23, the Company opened 305 Net New Units (NNUs), as against the previous highest addition of 246 NNUs, taking the total store count to 1,243 and store count across core brands to 1,165. The Company`s portfolio as of FY 2023 stands at 543 stores for KFC, 510 stores for Pizza Hut and 112 stores for Costa Coffee. It added 138 KFC stores during the year; 93 Pizza Hut stores; 57 Costa Coffee stores and expanded the network by adding 126 new stores, reaching a total of 490 stores by year-end 2022-23. During 2023, the Company launched Flavour Fun Pizza. It launched 4 flagship stores. It introduced 13 stores for the international business and further launched the lunch menu at KFC.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543330
NSE Code : DEVYANI
Book Closure Date (Month) : Jun/Jul
BSE Group : A
ISIN : INE872J01023

FAQ’s on Devyani International Ltd Shares

You can buy Devyani International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Devyani International Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 04:03 PM the closing price of Devyani International Ltd was ₹ 150.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 04:03 PM, the market cap of Devyani International Ltd stood at ₹ 18,142.15.

The latest PE ratio of Devyani International Ltd as of Mar 28, 2024 04:03 PM is 115.88

The latest PB ratio of Devyani International Ltd as of Mar 28, 2024 04:03 PM is 0.06

The 52-week high of Devyani International Ltd share price is ₹ 227.50 while the 52-week low is ₹ 136.70

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